A company puichased $1,800 of merchandise ca July 5 with teims 2,10, n/30 On July 7 , it relurned $200 worth of marchandise. On July 28 , it paid the full amoure due. Assuming the. company uses a perpetuai ieventory system, and tecords purchases tsing the gross method, the correct journol entry to tecord the poyment an ify 28 is: Mutiple ciloice Debit Merchandise linenhary $1600; creat Cish $1600 Oete Cach 5 fifo0: eredt Aceounts Peystie $1600 Dgot Accounts Payobie steoc, credt Merchandie inyentary 532, ovdt Caih st,56a. Debs Aecounts hayable stado erat Cath staoo Dror Accouetr Paywie st,coo eiesit Canh 51600